Sangoma Technologies (NASDAQ:SANG) Stock Price Down 1.8% - What's Next?

Key Points

• During mid-day trading the stock fell 1.8% to $4.17 (intraday low $4.15) on below-average volume of ~3,026 shares, trading below its 50-day ($4.37) and 200-day ($4.80) moving averages.
• Analysts are mixed but the consensus is a "Moderate Buy" with an average price target of $11.00, after recent upgrades from Zacks and ATB Cormark and a reiterated sell from Weiss Ratings.
• Sangoma's fundamentals show a market cap of $138.88M and negative profitability — it missed last quarter's EPS (reported -$0.06 vs. $0.06 estimate) and analysts project FY EPS of -0.18, alongside tight liquidity ratios (quick 0.71, current 0.87).

Sangoma Technologies Corporation (NASDAQ:SANG - Get Free Report) was down 1.8% during mid-day trading on Wednesday . The stock traded as low as $4.15 and last traded at $4.1730. Approximately 3,026 shares changed hands during trading, a decline of 20% from the average daily volume of 3,760 shares. The stock had previously closed at $4.25.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SANG shares. Zacks Research upgraded Sangoma Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, April 3rd. ATB Cormark Capital Markets upgraded Sangoma Technologies to a "moderate buy" rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Sangoma Technologies in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.00.

Sangoma Technologies Price Performance

The stock has a market capitalization of $138.88 million, a price-to-earnings ratio of -26.08 and a beta of 1.36. The company has a quick ratio of 0.71, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $4.37 and a two-hundred day simple moving average of $4.80.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). The firm had revenue of $51.50 million during the quarter, compared to analyst estimates of $51.17 million. Sangoma Technologies had a negative return on equity of 1.80% and a negative net margin of 2.53%. As a group, research analysts predict that Sangoma Technologies Corporation will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sangoma Technologies

Institutional investors have recently added to or reduced their stakes in the company. Legacy Advisors LLC acquired a new stake in Sangoma Technologies in the third quarter worth approximately $50,000. Scotia Capital Inc. acquired a new stake in shares of Sangoma Technologies during the 3rd quarter valued at $90,000. Susquehanna International Group LLP lifted its position in shares of Sangoma Technologies by 109.0% during the 3rd quarter. Susquehanna International Group LLP now owns 23,689 shares of the company's stock valued at $117,000 after acquiring an additional 12,352 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Sangoma Technologies by 4.7% during the 3rd quarter. National Bank of Canada FI now owns 100,687 shares of the company's stock valued at $493,000 after acquiring an additional 4,499 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Sangoma Technologies by 51.2% during the 4th quarter. Royal Bank of Canada now owns 103,813 shares of the company's stock valued at $526,000 after acquiring an additional 35,173 shares during the last quarter. 39.65% of the stock is currently owned by institutional investors and hedge funds.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation NASDAQ: SANG is a global provider of enterprise communications solutions that enable organizations to deploy voice, video, and data services across on-premises and cloud environments. The company's offerings include unified communications platforms, SIP-based telephony hardware, VoIP gateways, session border controllers, and related endpoints. Sangoma serves small and medium-sized businesses as well as larger enterprises, delivering solutions for IP telephony, collaboration, contact centers, and SIP trunking.

The company's product portfolio comprises software-based PBX systems such as PBXact and FreePBX, along with hardware appliances for secure and scalable connectivity.

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